Stupid tax on housing trashed, "community sector" howls

IMHO the only tried and true way of reducing rent is for the market to get so bloated with lifestyle investments that it crashes when it realises that people have moved elsewhere in an attempt to purchase an affordable house.

Currently the market is steamrolling it’s way in that direction…

Yes Adelaide is a shithole that nobody wants to live in, but so was Canberra 50 years ago, it’s merely a matter of sitting out the crushing overvaluation of Canberra at the moment, or moving.

The Greens however should not have such problems, since they think that housing (don’t mention foskey, don’t mention foskey, don’t mention foskey) is either a (sustainably constructed under ethical and humane conditions) treehouse, or bedding down in a VW Combi (complete with 70’s curtains).

Roland GRNS, I’m glad you’re not a communist and I should clarify that we can gain a lot more from cherry-picking policy options from a number of points on the ideological spectrum.

By clear definition, if there are not enough $$ incentives to invest in a selection of housing options then the investors will not engage.

You are quite right that ACTCOSS does have a lot to offer the debate about housing in the ACT, trouble is I doubt the govt are willing to listen.

Hey Roland GRNS – I’ll bet you’re glad you can finally enter a discussion on housing policy without having to defend “Snout” Foskey’s hypocrisy and greed.

Indi you make interesting assumptions about me and what I realise.
there is a lot of stuff out there about dealing with market failure, and about how to effect change in the market, about what impact the federal government polices on housing speciofically and negatiove gtearing tax breaks on the othe, have had to housing supply across Australia.

That doesn’t make me – or the ACT Council of Scoial services (for example) communists, nor by definition does that make us opposed to “mum and dad’ investors.

As far as I can see, the only way to make renting more affordable is through a direct subsidy — effectively a broader version of the Rent Assistance provisions for those on Youth Allowance from Centrelink.

Yes, while this may lift rent rates a little (since more people will be able to afford higher rates), at least those that need the support most will be disproportionately better off.

Roland GRNS – just how much thought have the Greens given this quandry? You may not realise that small investors remain reliant on such ‘breaks’ as negative gearing to provide housing and to become ‘self-reliant’ via investment to see themselves through during retirement.

You do realise we do not live in a socialist/communist society…but rather an economically/liberal democratic society, regardless whether or not the libs/alp are in in govt.

Obviously it depends on how you set it up

great, more negative gearing, as if a landlord won’t pocket the difference and still charge what the market will bear?

Low rent through land tax and negative gearing concessions on low rent properties, combined with ownership of some housing by non-gov affordable housing providors in addition to housing…supply rather than demand management (the Adelaide/Sydney/qbyn solution.)

Again, the ACTCOSS/Shelter publication “Wealth of Home” is a good starting point.

when is the Government going to put some money into SA’s “Adelaide – not a boring shthole in the middle of nowhere” campaign to encourage Canberrans to move there and stop paying exorbitiant rates here?

I thought those ads were more of a “Adelaide – not as much of a boring shthole in the middle of nowhere as you thought” nature?